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The Ajao Estate Houses Demolition: The Guilty Ones and the Accomplices

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There was a galore of tears in Lagos state yesterday as the Lagos state government demolished 13 houses in the Ajao estate. 

In defense of the government action, the officials of the Lagos State Government have stated that “the demolition of 13 residential buildings at Rockview Street, Ajao Estate, occurred because they were illegally constructed along fuel pipelines. The houses which were close to the Murtala Muhammed International Airport did not have planning permits before they were built”. 

We can all see that this reason of the government is a justifiable reason to demolish those houses and there was no “mago mago”.

This is not the first time houses are demolished due to the fact that it is constructed on the wrong sites or that the necessary permits were never gotten or that permits were gotten through illegal channels. Unfortunately, this won’t also be the last time houses will be demolished due to the stubbornness of house builders and the Nigerian factor of always bribing government officials to bend rules for them.

I shook my head when I heard watchers suggesting to the owners of the demolished houses that they should drag the Lagos government to court so that the court will mandate the Lagos state government to compensate the owners of the houses with other houses or with money. Why I shook my head is that those suggesting approaching the court in this instance are obviously ignorant of how the law works. They do not know that you can not use the court to enforce illegality. The owners of the demolished houses will have no remedy under the common law because they committed illegality by erecting their structures on an illegal site. You cannot, as a matter of a longstanding common law rule, ask the court to enforce your illegality because he that comes before equity must come with both hands sparkling clean. 

The conversations we should be having at this point is to ask ourselves serious questions like; how do the house owners get to be allowed to erect structures on a government reserved site; which government official(s) collected bribes and approved the erection of those structures and issued them with the building permit? 

Well, both the owners of those houses who know full well that the area is a GRA and offered kickbacks to government officials to get approvals to erect their houses are as guilty as the government officials who took bribes and issued illegal permits.

In a scenario like this, there are numerous guilty parties as well as other accomplices who colluded and bent rules for the illegality to take place until the stack of cards came crashing down. 

There is no gainsaying that the number one guilty person(s) in this instant is the government official(s) who accepted bribes and approved illegal structures in a government-reserved area. 

The second guilty parties are the dishonest and fraudulent real estate companies and landlords that erect houses in a GRA to quickly sell them off to unsuspecting buyers and leave the new/ ignorant owners to carry the cross.  The Nigerian real estate industry is a crime scene with a lot of renowned real estate companies and builders as part of the crime syndicate. They are mostly fraudulent and dishonest taking advantage of unsuspecting buyers. 

“The crime that goes on in the Nigerian real estate industry from money laundering to broad day fraud to cutthroat rip-offs which all happens due to the fact that the real estate industry in Nigeria is barely regulated should be an article of its own which I will tackle next time”. 

Fraudulent house agents who market and sell bad properties with the full knowledge that the houses they are selling will be demolished by the government but they are only interested in their agent fees, are as well accomplices in this organized crime.

Charge and bail lawyers who when consulted to verify the root of titles of properties and verify if a property is under any encumbrance, who only collect the client’s money but fail to carry out a due diligent search on the property are as well guilty in the first degree.

The psychological and behavioral syndrome of “get things easy and cheaper” should have its own share of the blame.  When an offer is too cheap or too good to be true, it should not excite you that you are getting a good deal, it should make you ask some questions and do some more research to know if you are really getting a good deal or you are being groomed to be duped. 

Going forward, these are ways we can ensure that what happened yesterday in Ajao estate will not happen again in the nearest future; 

  1. Use genuine lawyers to verify the properties you are about to purchase. The lawyer will verify not just the root of the title of the property but also research to know if there is any encumbrance on the property.
  2. Lawyers, when consulted, should carry out a due diligent search on the property and advise the client as to the authenticity or otherwise of the property. 
  3. You as an intending house builder or buyer should take out the time to study the city planning map and be sure that the land or house you are purchasing does not fall under a Government Reserved Area. Also, take your time to verify the land survey planning and mapping. 
  4. Dishonest government officials collecting illegal kickbacks and approving structures in the wrong sites should face the full dose of the law.
  5. Avoid cheap and easy things. Once it is too cheap or too good to be true that should trigger a red flag. 
  6. We all should learn to follow the due process of the law; stop offering bribes to government officials to approve a structure in the wrong site, you will be at the losing end in the long run. 
  7. The Nigerian real estate industry needs serious overhauling through legislation and regulation. The Nigerian real estate market as I said earlier is a full-time crime scene with so much fraud going on.

But aside from all these, do not be too stubborn to move when you have been issued with a demotion notice hoping that you can bribe your way out of it. Vacate the building immediately, that would give you ample time to save most of your valued movable properties inside the house so that it does not get demolished or destroyed alongside the building. This is important if you were ignorant of the fact that the property was erected on an illegal site because before a property is demolished by the government, a series of notice must have been given but Nigerians are stubborn people, only to come back and cry and cuss out that they were denied access into the building during the demolition time to take out some of their valuables. 

If Nigerians take to heart all of these recommendations then we will not be witnessing regular demolition of properties by the government due to the fact that the houses were erected on an illegal location.  

The Mistakes of Twitter’s Jack Dorsey And Why He is not Different from Elon Musk

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In the Igbo Nation, the elders will remind young men that “uwa bu ahia’ [the world is a marketplace]. To win in that market, you need to have products and services, and also figure out how to convince customers to buy them.

In America, their entrepreneurs understand that also at a bigger level. They create the aspirations that they have the NEXT big thing in the market. Jack Dorsey, the former CEO of Twitter is after Elon Musk, criticizing his fintechnolization of Twitter: ““Payment as a proof of human is a trap and I am not aligned with that at all. The payment systems being used for that proof exclude millions if not billions of people.” Specifically, Dorsey does not think that Twitter should be monetized via subscription since according to him, Twitter is a public square. 

In his words, “Payment as a proof of human is a trap and I am not aligned with that at all. The payment systems being used for that proof exclude millions if not billions of people.”

Jack’s criticism of Musk’s leadership at Twitter is coming after he had openly supported Musk in 2022 when he described him as the singular person he trusted to handle the company, also noting that had faith in him.

Jack tweeted in 2022, “In principle, I don’t believe anyone should run Twitter. It wants to be a public good at a protocol level, not a company. Solving the problem of it being a company, however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness”.

The question is this: why did Dorsey introduce the blue tick to start with, discriminating against millions who did not get any from him? He excluded millions with the checkmark because they were not working in CNN, Goldman Sachs, White House, etc. He began the “trap” and Musk just extended it by adding “money” in the midst. Dorsey used “influence”, “popularity”, celeb status, etc which are also factors in determining who got one. He has no right to criticize Musk because he excluded many when he ran Twitter.

Dorsey picked his friends, pals and desired, and gave them checkmarks using an arbitrary model; Musk gave me the opportunity to buy one. He cannot fault Musk’s model without acknowledging his own role of giving checkmarks to celebs while ignoring local teachers, firefighters, and hardworking garbage collectors.  Today, it is “open” for all! Indeed, no model is perfect.

And the big one, Dorsey is doing this because he has a new product in the market – Bluesky – and he wants to position it as the next big thing for Twitter.

Bluesky Social is having a moment. The invite-only social media app, co-founded by former Twitter CEO Jack Dorsey, has begun to lure an influential and an especially vocal crowd of tech media figures and influencers. The app doubled its new user base in a single day late last week. Its mix of exclusivity —Vox notes a “scramble for people to secure a coveted invite code” in social media circles in recent days —and a collective eagerness to unearth a viable alternative to Twitter.

So far, The Washington Post writes,Bluesky “could be Twitter’s doppelganger,” with posts that read like tweets, and a user base which is largely “using it mostly to poke fun” at Twitter. Many users are calling posts “skeets,” Vox notes.

As you evaluate Dorsey’s recent postulations, remember that Musk also thinks that OpenAI ChatGPT needs to be put in order as it has deviated from the original thesis of “open”. So, he is organizing a team to take up the company in order to save the future of AI.

You get the idea. It is a marketplace. When you come with a new product, you need to have a story while the existing ones do not meet the market needs. From Dorsey to Musk and to the next, it is a continuum – the best company has not been started, and the next entrepreneur will have a story. It is a marketplace. Everyone wants to win and part of it is the story part; they’re all friends, just trying to confuse us to make them richer. The destination: #winning.

Comment on Feed

Comment: The blue tick has a threshold on fan base or followers hip before you earn it. Was it monetized at the onset???

My Response: That is also not good. That means a garbage collector will not get it. It is better if we have many options. Today, paying to get it is one and Jack cannot fault that. I just made it back here and happy with the extra space to write; that was my main issue, not the tick. But in the past, though, you could have 100k followers in Kenya and not get it while someone in New York with 50k made the cut. Nothing is perfect!!!

Former Twitter CEO Jack Dorsey Criticizes Musk Leadership at Twitter

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Twitter CEO

Former Twitter CEO Jack Dorsey has criticized Elon Musk’s leadership at Twitter, in which he expressed disappointment at how the Tesla billionaire is handling the micro-blogging platform since the takeover.

Jack who expressed his remarks on his Twitter alternative platform Bluesky, disclosed that Musk should have walked away and paid the $1 billion, a termination fee if he or Twitter had backed out of the deal last year.

Jack wrote, “If Elon or anyone wanted to buy the company, all they had to do was name a price that the board felt was better than what the company could do independently. This is true for every public company. Was I optimistic? Yes. Did I have the final say? No. I think he should have walked away and paid the $1 billion.”

Also, Jack criticized Musk’s introduction of the Blue Badge subscription policy which he said payment as proof of humans is a trap.

In his words, “Payment as a proof of human is a trap and I am not aligned with that at all. The payment systems being used for that proof exclude millions if not billions of people.”

Jack’s criticism of Musk’s leadership at Twitter is coming after he had openly supported Musk in 2022 when he described him as the singular person he trusted to handle the company, also noting that had faith in him.

Jack tweeted in 2022, “In principle, I don’t believe anyone should run Twitter. It wants to be a public good at a protocol level, not a company. Solving the problem of it being a company, however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness”.

Musk’s takeover of Twitter has however been followed with widespread criticism following the massive layoff of employees and the series of changes he has carried out on the platform.

Under Musk’s leadership, Twitter has culled half of its workforce and has gone back and forth on products and features, with several changes to its policies and regulations. Meanwhile, Musk during a G20 summit in 2022, while addressing the criticism he has constantly received, disclosed that there is no way he can please everyone.

Since he completed his acquisition of Twitter and took the company private on 27 October 2022, there has been widespread speculation as to the platform’s potential fate. Many observers have focused on a purported exodus of advertisers, while other pundits have forecast that users will abandon the platform in droves in 2023.

It is worth noting that despite Twitter’s widespread popularity and influence, the company only became profitable for the first time in 2018 when it reported its first-ever net income of $1.2 billion for that year. This was followed by a second consecutive year of profitability in 2019, with total revenue of $3.4 billion and a net income of $1.4 billion, which was higher than expected by many analysts, and oon afterward, it went back to reporting losses

Before these two years of profitability, Twitter had had mostly negative financial results as it struggled to monetize its large user base. This was what spurred Musk to let go of a significant number of its employees, as well as the introduction of strategies to cut costs to generate profit. The Tesla billionaire has visibly been working tirelessly to increase Twitter revenue.

Analysts believe that the platform could once again become a big moneymaker with some restructuring, reorganization of resources, and strategic interventions deemed necessary by Musk. Elon Musk is aiming to increase Twitter’s annual revenue to $26.4 billion by 2028.

Among his other goals, he expects the social media company to bring in $15 million from a payments business in 2023 that will grow to about $1.3 billion by 2028. He also expects Twitter to have 11,072 employees by 2025, up from around 7,500.

Coinbase-SEC Lawsuit: Are Avalanche, Tron, and Dogetti the Crypto Safe Havens of 2023?

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The lawsuit filed by the Securities and Exchange Commission (SEC) against Coinbase regarding some of its crypto products has the potential to cause significant disruption in the crypto industry. The verdict in the case could lead to a stricter regulatory framework for the crypto market, thereby increasing legal scrutiny of other crypto firms. Moreover, if the SEC succeeds in its case against Coinbase, it may result in a halt of most token trading activities in the US, having a widespread impact on the crypto market.

Given the potential volatility and uncertainty, it is crucial to keep an eye on promising cryptocurrencies such as Avalanche, Tron, and Dogetti (DETI), which offer unique features and hold great promise for the future. The legal battle’s final outcome is yet to be determined, but investing in these innovative coins may provide a sense of stability and potential returns amidst market turbulence.

Avalanche: The High-Throughput Blockchain

Avalanche is a decentralized application platform that enables users to launch assets, build applications, and create subnets with complete control over their implementation. It is built on a highly scalable, high-throughput, and low-latency network, making it one of the most promising blockchain platforms for the future. Avalanche is also designed to be interoperable with other blockchain networks, allowing users to move assets between different networks. The consensus mechanism used by Avalanche is called Avalanche consensus, which is designed to be highly scalable and secure. It is environmentally friendly, with a low carbon footprint compared to other blockchain networks. 

Tron: Building A Decentralized Internet

Tron operates as a decentralized operating system utilizing blockchain technology, which incorporates smart contract capabilities and proof-of-stake mechanisms for consensus. It aims to construct a worldwide free entertainment system with blockchain and distributed storage technology. Tronix, or TRX, is the native cryptocurrency of Tron. Tron is one of many cryptocurrencies that have emerged in recent years, and it is an ambitious project dedicated to building the infrastructure for a truly decentralized internet. It has a more reliable network structure, user assets, and intrinsic value, and its further decentralized nature makes it a better option for day-to-day use than Bitcoin and Ethereum.

Dogetti: A New Standard for Community-Based Money

Dogetti (DETI) is a cutting-edge new kind of community-based coin that promises to donate 2% of each transaction to organizations that support animal welfare. Based on the Ethereum blockchain, Dogetti employs a proof-of-stake method, making it interesting to investors who want to be a part of the new wave of cryptocurrencies that promote being charitable and environmentally conscious. As the presale’s expiration date of June 20th closes in, momentum is growing for those looking to purchase early for the best returns.

Dogetti (DETI) has designed its token’s ecology to reflect its members’ importance to its platforms, with a portion of the cryptocurrency’s earnings going back into DETI holders’ pockets and members participating in the decision-making process for Dogetti’s growth and direction.

In conclusion, the Coinbase-SEC lawsuit has created regulatory uncertainty in the crypto market, but Avalanche, Tron, and Dogetti are three coins that are worth considering for the bull market of 2023. These coins have unique features, exciting recent developments, and the potential for significant returns on investment. Investors who are looking for stable and promising cryptocurrencies can consider investing in Avalanche, Tron, and Dogetti.

 

Read More On Dogetti (DETI):

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

The Battle for the Future of Finance: Digital Yuan vs Big Eyes Coin

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Welcome, meme coin lovers and investors! It’s time for a showdown between two heavyweights in the world of digital finance – Big Eyes Coin and Digital Yuan. While the Chinese city of Changshu is trying to pay civil servants and public workers with Digital Yuan, Big Eyes Coin have been making waves in the altcoin season. Who will come out on top?

Big Eyes Coin: Biggest Star in Crypto Sky

Big Eyes Coin is a rising star in the cryptocurrency world, with a presale set to end on June 3, 2023. In the CatCrew, eyes are cute and extensive, but the presale is CUTER and BIGGER.

This innovative altcoin promises to be at the forefront of finance, focusing on digital payments and cutting-edge technology. What makes Big Eyes Coin so unique? Experienced developers and financial experts back it, committed to creating a reliable and profitable coin. Plus, with a limited supply of 100 million tokens, Big Eyes Coin is poised for significant gains.

 Digital Yuan

We have Digital Yuan – the Chinese government’s foray into digital finance on the other side of the ring. Changshu has been using it to make overtime payments to employees since June 2022, and it’s seen as a significant step forward for the adoption of cryptocurrency in China. However, there are concerns about the government’s level of control over the Digital Yuan and the potential for surveillance and data privacy issues. It remains to be seen whether Digital Yuan will be able to gain the same level of traction as Big Eyes in the altcoin season.

Digital Yuan vs Big Eye Coin

Digital Yuan and Big Eyes Coin have similarities and differences. The Chinese government supports Digital Yuan, while Big Eyes Coin is a decentralised cryptocurrency. Digital Yuan is stable and centralised, while Big Eyes Coin is more volatile and inclusive.

Another significant distinction between these two is the audience for which they are intended. Digital Yuan is designed for everyday use, focusing on making payments for goods and services. On the other hand, Big Eyes Coin is aimed at meme coin lovers and investors looking for the next big thing in the crypto world.

Altcoin Season and the Future of Finance

Regardless of which coin comes out on top, one thing is clear – the increased adoption of digital payments worldwide proves that cryptocurrency is the future of finance. Presale coins like Big Eyes Coin lead the charge, allowing investors to get in on the ground floor of the next big thing. Whether you’re looking for the next 100x meme coin pump, or a project that can rival Dogecoin or Shiba Inu, Big Eyes Coin is worth considering. But hurry – time is running out faster than ever to join the CatCrew’s presale! Use promo code END300 to get the best value on your investment in Big Eyes Coin’s launch.

Conclusion:

Ultimately, the battle between Big Eyes Coin and Digital Yuan may not be as cut-and-dried as it seems. Both coins have strengths and weaknesses; only time will tell which one will come out on top. However, what’s clear is that the future of finance lies in digital payments and cryptocurrency. So, whether you’re a seasoned investor or just getting started, keeping an eye on the latest developments in the crypto world is essential. Who knows – you may just find the next big thing!

 

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL